Kaixin Auto (NASDAQ:KXIN) Trading 1% Higher

Kaixin Auto Holdings (NASDAQ:KXINGet Rating)’s share price traded up 1% on Monday . The company traded as high as $1.01 and last traded at $1.01. 625 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 968,732 shares. The stock had previously closed at $1.00.

The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 1.99. The stock has a fifty day moving average of $0.98 and a two-hundred day moving average of $1.09.

Institutional investors have recently modified their holdings of the stock. Invesco Ltd. boosted its holdings in Kaixin Auto by 158.7% in the third quarter. Invesco Ltd. now owns 100,497 shares of the company’s stock valued at $281,000 after acquiring an additional 61,657 shares during the last quarter. Geode Capital Management LLC raised its position in Kaixin Auto by 117.5% in the third quarter. Geode Capital Management LLC now owns 69,320 shares of the company’s stock valued at $194,000 after purchasing an additional 37,451 shares during the period. Renaissance Technologies LLC purchased a new position in Kaixin Auto in the fourth quarter valued at about $174,000. Millennium Management LLC raised its position in Kaixin Auto by 323.2% in the fourth quarter. Millennium Management LLC now owns 125,488 shares of the company’s stock valued at $143,000 after purchasing an additional 95,839 shares during the period. Finally, Two Sigma Investments LP purchased a new position in Kaixin Auto in the third quarter valued at about $57,000. Hedge funds and other institutional investors own 0.42% of the company’s stock.

Kaixin Auto Company Profile (NASDAQ:KXIN)

Haitaoche Limited (Cayman) operates a China-based electronic commerce platform for imported automobiles. The company was founded in 2015 and is based in China.

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